Tuesday, 28 February 2012

Parramatta. $300 million project underway

Works have commenced on the Crown Group’s $300 million, 25-storey tower on a 4900 square-metre site, on the corner of Macquarie, Marsden and Hunter streets. The project will comprise 370 apartments, 3000 square metres of office space and a further 1200 square metres of retail space.

Apartments are expected to sell from around $350,000 for a one-bedroom studio, $385,000 for a one-bedroom apartment with car space, low $500,000s for a two bedroom, while three bedroom penthouses with panoramic views are expected to sell from over $1 million.
Crown Group bought the site, in the western precinct of the Parramatta CBD, in July 2009 from Becton Property Group for $15 million.



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